which not only marks the beginning of adulthood‚ but also opens up higher education and career opportunities. Unfortunately‚ the U.S.A suffers from one of the highest dropout rates in the developed world‚ with nearly 7‚000 students dropping out of high school every day. In 2012‚ nearly 22 percent of all students left school without a high school diploma. Dropping out of school can have disastrous‚ permanent effects on a person’s life. Teens quit school for any number of reasons‚ but knowing what they
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Chapter 3 Product Costing and Cost Accumulation © 2010 McGraw-Hill Ryerson Ltd. 1 Learning Objectives 1. Discuss the role of product and service costing in manufacturing and nonmanufacturing firms. 2. Diagram and explain the flow of costs through the manufacturing accounts used in product costing. 3. Distinguish between job-order costing and process costing. © 2010 McGraw-Hill Ryerson Ltd. 2 Learning Objectives (con’d) 4. Compute a predetermined overhead rate‚ and
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The Sarbanes-Oxley Act created the Public Company Accounting Oversight Board (PCAOB) to assume the responsibility of overseeing the auditors of public companies. The PCAOB is a private-sector‚ non-profit corporation. It was established to "protect the interests of investors and further the public interests in the preparation of informative‚ fair‚ and independent audit reports". (The PCAOB) Although the PCAOB is a private sector organization‚ it has many government-like regulatory functions. The PCAOB
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the shareholders liable for the acts of a corporation. Corporate officers‚ directors and controlling shareholders have a general fiduciary duty of loyalty and care which should govern all their corporate conduct. Unless they breach that duty by gross negligence or acts in bad faith‚ they usually will have no personal liability to third parties. In order to pierce the corporate veil‚ third parties have to show personal wrongful conduct on the part of a company official or director to hold them personally
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EFFECTIVENESS OF ACCOUNTING INFORMATION SYSTEMS Hossien Sajady Ph.D. Shahid Chamran University Ahvaz‚ I.R of IRAN Mohsen Dastgir Ph.D. Shahid Chamran University Ahvaz‚ I.R of IRAN Hossien Hashem Nejad Post graduate candidate Abstract- In this study the effectiveness of accounting information systems from finance managers of listed companies at Tehran Stock Exchange is evaluated. The results indicate that implementation of the accounting information systems at the companies under
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The dropping of the atomic bomb on Japan is significant in many ways as it was a start of a new age of warfare. The dropping started a long journey into accepting that the world was going to advance technology. The dropping of the bomb made countries fear each other but it also stopped world war two. The impact of the atomic bomb on Japan is a reason why the bomb was significant because they were the trial run. The atomic bomb was powerful and caused suffering to thousands of people. The first bomb
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Case Analysis: Tucker Company In partial fulfilment of the requirements in MGT101: Victorio‚ Judith Merari B. Rubiano‚ Ferrando L. Regondola‚ Joyce Hanna R. Malazarte‚ Virgilio II‚ B. Castillo‚ Aaron T. Carandang‚ Loise Ann M. August 29‚ 2012 I. POINT OF VIEW This case analysis takes the point of view of Mr. Harnett‚ the president of Tucker Company. Being the top manager‚ he is the one responsible for overseeing the current status and developments of the company. Moreover‚ he is the one in-charge
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objectives and the roles of financial accounting “Accounting is an information system that identifies‚ records‚ and communicates the economic events of an organization to interested users.”1. The basic objective of accounting is to provide information to the interested users to enable them to make business decisions and “Financial statements are the primary means of communicating financial information to parties outside the business organization.”2. Moreover‚ accounting can give the essential information
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Week 1 Assignment from Textbook: Chapter 20‚ 21 & 22 Esther Tate ACC/400 July 19‚ 2015 Theresa Pekron Exercise 20.1 – Accounting Terminology Listed below are nine technical accounting terms introduced in this chapter: Variable costs Relevant range Contribution margin Break-even point Fixed costs Semi variable costs Economics of scale Sales mix Unit contribution margin Each of the following statements may (or may not) describe one of these technical terms. For each statement‚ indicate
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EXPORT OF MARINE PRODUCTS FROM INDIA prepared by tamanna khan BFT 5th sem IIFTR Introduction India’s marine product exports have for the first time crossed $2 billion‚ according to official figures for financial year 2009-10 released. Recession in the international market has not impacted the export of marine products from the country‚ the Marine Products Exports Development Authority said. In terms of volumes too‚ 2009-10 was exceptional‚ it added. Exports aggregated 663‚603 tonnes valued
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